What Joe Lauzon is doing with his double perfomance bonus $

by Elias Cepeda | source: sports.yahoo.com
 

Mike Tyson made $300,000,000 during his career. How much is left? 

Nothing.

The same fate will not befall Joe Lauzon, who earned double 'of the Night' performance bonuses on Saturday night vs. Jamie Varner at UFC on FOX 4.

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Instead of hitting the Los Angeles-area clubs after his UFC on FOX main card win, Lauzon says he and his teammates scarfed down buffalo wings.

"As for the bonuses, I've been really fortunate. I train hard and I think my style of Jiu Jitsu is good for that. I'm constantly going for things. In the second round, for example, I was winning the round in my opinion and had Jamie's back with ten seconds left. Then I heard the 10-second marker and went for an arm bar. It wasn't a very good set up for the submission but I figured, 'what the heck?' He wasn't going to hit me that much in ten seconds if I didn't get it and if I got it, great."

"I probably made about $150,000 this weekend. I made forty-something in show-and-win money and then I got $100,000 in bonuses."

"I'm buying lots of X-Boxes," he laughs.

"Right off the bat, I have taxes. So that leaves me with about $100,000. I bought a house the other year, so $60,000-70,000 of this weekend's money is probably going straight into my mortgage. I've got about $40,000 in student loan debt left so I have to decide how much I might put into that now. Loans suck, so I've got to take care of that."

"I'm not getting a new car or big rims. Nothing crazy. I'll probably take $1,000 and do something fun with it, that's it."

"I think I pay my coaches pretty well. I also bring out a lot of guys out with me for fights to help me and pay to bring Brandon, the guy who does my Vlogs, with and get him equipment to do it. That stuff is important, too. I don't think that doing blogs necessarily brings back money directly to me but it helps. I'm always going to make sure I do everything I need to do to train to the best of my ability. If that means flying people out to train or things like that, I'm going to do that."

"Someone told me after this fight, 'man, you're a tough bastard.' I don't ever want to be known as tough. A lot of guys are considered exciting by fans and they take a lot of damage. I don't want that to be my style. I want to be exciting because I'm attacking other people, not because they are attacking me."

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Recent Comments »

Ponyboy site profile image  

8/9/12 11:25 AM by Ponyboy

He should definately come out in a segway but he should drive it "no hands" while slapping high fives to the audience.

sunderground site profile image  

8/9/12 10:28 AM by sunderground

I like wasting time on the UG. But when I do, I don't bother to respond to things like this. Which are wrong.

Damasta Shonuff site profile image  

8/8/12 10:49 PM by Damasta Shonuff

Sunderground claims: "Suze Orman is for people that make $50k a year. I work for the the top 0.5%. I know exactly what I am talking about.You dont. Suze Orman started as stock broker selling bullshit to people. Now she sells books and her radio show. Your primary residence isnt an "investment". Neither is your Honda Accord."Im just curious what makes you better than someone like Suze Orman who is just a stock broker who sells bullshit. So what firm do you work for? What rankings do you have on Forbes and Time's top 100s that compare with where Suze Orman is? The top .6% - 1% are mostly made up of physicians, attorneys, upper middle management and small business owners who have done well. Those people are the ones that invest into 401ks, IRAs, Defined Benefit Plans and other retirement tax deferring vehicles. The top .5% (which you claim you represent) are people who buy and sell businesses, investment bankers, corporate executives, real estate developers, etc. Sometimes the doctors and small business owners cross into that top .5% but its very rare. They are NOT people who make the same investments (retirement plans) as the .6%-1%.The top 1% net worth owns around 35% of the USA's entire net worth. So you are claiming you advise the elite of the elite that own America? The top .5% arent in the 5 million range like you claim you represented yesterday. They are worth hundreds of millions to billions of dollars. LOL someone is trying to bullshit the UG. I also doubt that someone that handles the wealth of people in the top .5% spend their time posting financial advice on internet MMA forums.Joe isnt in the top .5% or even the top 1%. He is exactly the type of person Suze Orman is known for helping. Even if you try and backpedal and claim you are talking income versus net worth, he still isnt in the top .5%.

Art Corvelay site profile image  

8/8/12 1:01 AM by Art Corvelay

I'm interested in who the dozens of people who went around spreading misinformation on every MMA message board were in regards to the BAC. Jones took a misdemeanor, not merely a traffic violation, so he was not charged with DWAI (Driving While Ability Impaired), and didn't blow below a .08.It was a coordinated campaign of misinformation, or a perfect storm of fanboys.

sunderground site profile image  

8/8/12 12:55 AM by sunderground

Thats not it either. Its about paying down the debt with the highest after-tax cost to carry.Hopefully Joe has a good CPA......

1911Bob site profile image  

8/8/12 12:52 AM by 1911Bob

Joe it would be a crime to do that with morgage rates as low as they are. Invest your money and get 9% per year on average.

sunderground site profile image  

8/8/12 12:49 AM by sunderground

"The Bentley was a gift. Jones leads a very modest lifestyle. Just a year ago or so it was reported that the apartment he rents for training camp is $1,000 per month."Who gave him a $200k car? If it wasnt a dealer or the UFC, they also paid the $80k gift tax on that? Did they pay for the repair as well?Whats the story Kirik? :)

sunderground site profile image  

8/8/12 12:45 AM by sunderground

Suze Orman is for people that make $50k a year. I work for the the top 0.5%. I know exactly what I am talking about. You dont. Suze Orman started as stock broker selling bullshit to people. Now she sells books and her radio show. Your primary residence isnt an "investment". Neither is your Honda Accord.

Elias Cepeda site profile image  

8/7/12 11:20 PM by Elias Cepeda

What, no more hate on Jones based on nothing after Kirik dropped some knowledge? ...  

Damasta Shonuff site profile image  

8/7/12 6:53 PM by Damasta Shonuff

I had a big reply typed out and realized it wont matter. Joe will do what is best for Joe and my only advice Joe is to NOT take advice from the UG, talk to advisors and not just one looking for a commission.I will add this little bit tho: Check out books/videos from Suzie Orman. You can watch her on MNBC as well. She was named one of Time magazines top 100 most influential women in the world as well as Forbes 100 most powerful women in the world. She is a STRONG proponent of paying off mortgages early as a first investment. She might not know as much as the UG tho.



 

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